CorkonomicsThe economics of wine production, collection, and vineyards
The numbers
Vineyard land · Pauillac≈$2,798,250 a hectare▼ down 17% on 20232024Opening price · Château Lafite Rothschild 2025≈$376 a bottle▲ up 17% on the year beforeSold at auction · Romanée-Conti Grand Cru, DRC 2019$22,917 a bottleSotheby's, Sep 2026Cost to make one bottle · Burgundy grand cru (Pinot Noir)$48–283US duty on wine from · Canada+50%since Aug 2026Everyday bottle in a US shop$13.77 a litre▼ down 1.3% in a yearSep 2026Vineyard land · Margaux≈$1,567,020 a hectare▼ down 7% on 20232024Opening price · Château Cheval Blanc 2025≈$376 a bottle▲ up 22% on the year beforeSold at auction · La Tâche Grand Cru, DRC 2018$5,417 a bottleSotheby's, Sep 2026Cost to make one bottle · Champagne prestige cuvée$26–89US duty on wine from · Australia+12.5%since Jul 2026Vineyard land · Côte-Rôtie≈$1,511,055 a hectare▲ up 8% on 20232024Opening price · Château Mouton Rothschild 2025≈$336 a bottle▲ up 19% on the year beforeSold at auction · Richebourg Grand Cru, DRC 2012$3,542 a bottleSotheby's, Sep 2026Cost to make one bottle · Bordeaux classified growth (2nd–5th)$17–61US duty on wine from · New Zealand+12.5%since Jul 2026Vineyard land · Côte de Nuits grand cru≈$7,275,450 a hectare2019Opening price · Château Palmer 2025≈$268 a bottle▼ down 19% on the year beforeVineyard land · Pomerol≈$2,238,600 a hectare2023
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New to wine? Start with the short lessons, then look up any word you do not know.

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Red wine

Made from dark grapes, with the skins left in the juice. The skins give the colour and that dry, grippy feeling called tannin.

Three glasses of red wine in a row, from pale to almost black

Reds run from pale and light to dark and powerful. The lightest are almost see-through and taste of red berries. The boldest are nearly black and taste of dark fruit, spice and oak.

Tastes of
Cherry, plum, blackberry, spice
Serve
Just below room temperature
Good with
Roast and grilled meat, tomato pasta, mushrooms, hard cheese

Serve red a little cooler than the room. Twenty minutes in the fridge helps most bottles.

Start with Pinot Noir if you like things light, Merlot for something soft, Cabernet Sauvignon for bold.

Three kinds of red

A glass of pale red wine on a garden table with sliced sausage and radishes

Light

Pale, fresh and fruity, with very little grip. Lovely slightly chilled.

Try Pinot Noir, Gamay (Beaujolais)

A glass of red wine beside a bowl of pasta in tomato sauce

Medium

The all-rounder. Enough flavour for dinner without feeling heavy.

Try Merlot, Sangiovese (Chianti), Tempranillo (Rioja)

A glass of dark red wine on a low table by an open fire

Bold

Dark, full and firm. Best with rich food or on a cold evening.

Try Cabernet Sauvignon, Syrah, Malbec